Shake Shack Reports Q1 Pro Forma EPS Of $0.04; Revenue Up 56.3% - Quick Facts

(RTTNews) - Shake Shack Inc. (SHAK) reported a first quarter net loss to company of $12.7 million or $1.06 per Class A share, compared to profit of $1.1 million or $0.04 per Class A share, prior year. The company noted that its net loss for the quarter included $13.2 million of after-tax expenses associated with the initial public offering. Adjusted pro forma net income was $1.3 million or $0.04 per share, for the quarter. On average, eight analysts polled by Thomson Reuters expected the company to report a loss per share of $0.03 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $37.81 million from $24.20 million last year. Shack sales increased 59.2% to $36.0 million. Same-Shack sales increased 11.7%. Analysts expected revenue of $33.91 million for the quarter.

For the fiscal year ending December 30, 2015, the company expects total revenue to be between $161 million and $165 million. Same-Shack sales growth is expected to be in the low to mid single digits. Analysts expect the company to report fiscal year revenue of $164.80 million.